I posted the following possibility of nifty resistance on July first week. It took little late to reach there and now a down move is more prominent.
Now both the resistance (falling & static) and 100 week SMA is producing strong resistance at 5400.
5250 to 5266 is first possible support zone. Short trader may book first profit at this level.
Now both the resistance (falling & static) and 100 week SMA is producing strong resistance at 5400.
5250 to 5266 is first possible support zone. Short trader may book first profit at this level.
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